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Advice for home buyers in 2008

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Maintain job stability


Having and maintaining a stable job also helps your credit in the eyes of a lender. Most lenders require that you work for the same employer for at least a year, and maybe two, before they'll approve your home loan application. If you're offered a better job in your field, by all means take it. But if you want to buy a home, try not to jump from job to job within a relatively short period of time.
(Wiqan Ang Photo for The Boston Globe)
Maintain job stability Having and maintaining a stable job also helps your credit in the eyes of a lender. Most lenders require that you work for the same employer for at least a year, and maybe two, before they'll approve your home loan application. If you're offered a better job in your field, by all means take it. But if you want to buy a home, try not to jump from job to job within a relatively short period of time.
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